08.25.10

Pro Wrestling Insider’s Mike Johnson reports the newly formed Florida-based Worldwide Wrestling Promotions (aka WWP), a partnership between Milton Wilpon and R. Sean Pascoe (aka Sean Davis, above)), has scrapped plans for an Autumn 2010 launch. The promotion, said to be targeting talent from a succession of independent organizations, supposedly was promising medical benefits despite no television deal in place.
In the email, which PWInsider.com acquired from numerous sources, Davis wrote that “the financing side” of the company told the wrestling side, “our original time table is not at all feasible. While we were all committed to launching in October we know now that has become an impossible goal. Our new goal is to start operations in the first part of the new year however we do not as of today have a firm date. That unfortunately means that contracts will have to be changed to a new starting date.”

Pascoe went on to explain that while he “fought this decision KICKING AND SCREAMING (literally)”, that the “corporate side of the company” feels the delay has to happen. He warned the roster that “unfortunately it comes down to either this move is made or this company does not move forward.”

Pascoe told the wrestlers and staffers that they would be issued contract addendums drawn up by WWP’s attorney and if the talent didn’t wish to sign them, he understood. Pascoe told those emailed, “You will still be welcome to come back to work for us in the future once we are up and running in the early part of the new year. For those of you that sign the contract addendums you will be receiving extra shares of company stock and the addendums will also spell out our full health and benefits plan that will be made available to you.”

Pascoe noted that the company has been hit with “more than our fair share of bumps”, blaming it on “many forces in the wrestling business.” Pascoe wrote these forces were “doing whatever they can to sabotage everything we are trying to do and doing everything in their power to make sure that this company will never launch. I can promise you though that no matter how many hurdles we have to jump over that there are people here dedicated to doing everything they can to make sure this company WILL launch and we will be a long time player in this industry.”